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how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to them. many of them sat here and said you know what liz, though, he listened but i didn't see anything effectuated. do you think it's a different time now with president obama? >> i'm very fortunate that i was one of the ones that was called upon very early to help first term president obama. you've got to understand where he's coming from and his agenda and how he got voted in. liz: how hard is it to understand that businesses create jobs? >> not hard, but how hard is it to actually put the agenda ahead of the other agendas, probably difficult. but now the agenda is here. by the way, it transcen
how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to...
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Jan 25, 2013
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he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get better in spite of the economy. supply and demand. for household formation. connell: wait a minute, a drop in sales came in. we will sort all this out coming up. and flipping houses and fixing them up. vanilla ice, of all people, is with us during this hour. republicans need to get tougher and cut federal programs. 58% of americans oppose anything happening. we are going to start with the stock market. we have been talking about this. we are up again today with nicole petallides covering it from the new york stock exchange. nicole: it shows you what we are just 3
he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get...
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loan with the austerity measures taxes mainly on the poor not dealing with the corruption real corruption and corruption. that was something as chronic with the mubarak regime till now with the economy at a standstill and vital subsidies being cut in twenty thirteen families living on a few dollars a day will be on able to put food on the table or a roof over their heads this is despite president mohamed morsi promising to tackle key. issues like bread and fuel shortages but it is not just daily economic hardship weighing on people's minds many say important goals of the twenty eleven eighteen they are pricing have yet to be realized but if we started on january twenty fifth which marks. there have been no serious efforts toward reform the police no serious effort to cleanse or to deal with the legal structure of the traditional structure that we inherited from mubarak and that continues to make abuses possible and to prevent any efforts holding abusers accountable for crimes of the past january twenty third team has already seen mass protests across the country as egyptians continue to p
loan with the austerity measures taxes mainly on the poor not dealing with the corruption real corruption and corruption. that was something as chronic with the mubarak regime till now with the economy at a standstill and vital subsidies being cut in twenty thirteen families living on a few dollars a day will be on able to put food on the table or a roof over their heads this is despite president mohamed morsi promising to tackle key. issues like bread and fuel shortages but it is not just...
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Jan 25, 2013
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unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and
unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he...
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Jan 25, 2013
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that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on the taxing side but certainly on the expenditure side. i'm dying to hear the -- to hear the expenditure and less spending side. i agree with that. but i'm not -- i'm not -- i wouldn't use the term disappointed until this whole process is over. i don't think we're in the -- i don't think we're in the seventh inning of this process. >> yeah. >> because at this point, we're -- >> at this point we're at, you know, simpson-bowles and rivlin domenici and the gang of all of these the idea was to get rid of a lot of the deductions and loopholes, so that you could broaden the base with a lower
that was taken, as it should have been, to mean higher taxes. didn't mean just higher taxes. it meant higher taxes and less spending and i was specific about that. my ear is attuned for hearing more cuts in spending. i am not hearing it. i would be disappointed if this is all there was. as far as a deal was concerned, i think that that was a stopgap, and i think it was presented like that -- as that. as part of a series of more negotiations that were to follow and more changes, both possibly on...
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the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in other words who are the biggest stakeholders you want to reach that you haven't reached yet that haven't been as generous as they could? is this process harder as we see austerity taking place all around the world? >> well, the money that helps out the poorest overwhelmingly comes from government aid budgets and so what kind of priority that gets say in the u.s. budget process over the next four or five years i'd say is pretty unclear. will the generosity go up? will it be cut proportionately? or will it suffer a disproportionate cut, you know? unless we tell the aids story very well, you know, i'd be quit
the estate tax which lets your charitable giving not be taxed is clearly a very positive encouragement to look at giving. i'd say that even more than the taxes, though, the fact that there's more examples of people where -- so everyone is asking themselves, you know, could i be giving you something, the fact that they hear the impact is very strong, i think the kind of social movement is even more, but the tax structure helps. >> what continuing investment is needed at this point? in...
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Jan 25, 2013
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radical tax reform a different -- flat tax for having these non-negotiable ious with social security chained to a marketable bonds. you can make it debt payments. how about passing a law saying you cannot use the medicare money for obamacare. start throwing in offense. pass these things. that harry reid on -- dagen blocking a bill. david: is comments notwithstanding, the budget is lower than it was during a eisenhower, which is nonsense, we have seen the budget. we saw from 2009 when the budget went way up. but that just stayed there. we can show the figures from two dozen day through 2012 showing that we are now at 25% per gdp level of spending. that is the norm now. >> this president understands spending is power. that is why his notions of cutting spending when he says it, he feels he has to say it, absolute nonsense. he once more, not less. republicans should come across not just as accountants, but start getting some of these ridiculous things like feeding heroin to monkeys and programs like that that we're going to discuss. david: that was a real program that we will be talking
radical tax reform a different -- flat tax for having these non-negotiable ious with social security chained to a marketable bonds. you can make it debt payments. how about passing a law saying you cannot use the medicare money for obamacare. start throwing in offense. pass these things. that harry reid on -- dagen blocking a bill. david: is comments notwithstanding, the budget is lower than it was during a eisenhower, which is nonsense, we have seen the budget. we saw from 2009 when the budget...
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Jan 25, 2013
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that is because of tax hikes including the payroll tax. don't worry you don't have to stop saving actually. vera gibbons has sop tips. everyone is hit with this. 160 million americans are affected. >> start by with justing your withholding. go back take a look at your w 4. 75 percent of them get a refund. average refunds are coming in at 4,000. it will push down your withholdlings and brighten up your take home pay. >> do you want your money now or do you want to get it back later. >> fur getting too much of a refund you rely on the refunds you are not having the right amount with he would had. >> have aing you'll tvaluable t. >> the earned income tax credit for example only 6 million americans they don't know they are elible or they don't know how to claim it. you are leaving free money on the table. you want to take advantage of all of the job hunts expenses mortgage interest deductions a slew of valuable breaks. claim them. >>> max out your 401 k. >> this one goes without saying. you have got to plan at work max it out. gone 17,500. tha
that is because of tax hikes including the payroll tax. don't worry you don't have to stop saving actually. vera gibbons has sop tips. everyone is hit with this. 160 million americans are affected. >> start by with justing your withholding. go back take a look at your w 4. 75 percent of them get a refund. average refunds are coming in at 4,000. it will push down your withholdlings and brighten up your take home pay. >> do you want your money now or do you want to get it back later....
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>>brian: and no taxes, we'd have no state income taxes too. >>gretchen: okay. i'll put in my vote for florida. i'm not sure my family would be in line for that. >>brian: i'll buy the bubble wrap. let's move. >>gretchen: let's get to your headlines first. family and friends remembering the life of beloved philadelphia pediatrician melissa katunutee outside her home her body was found bound and burned, a horrible crime. police say an exterminator confessed to killing her. jason smith told police the two got into an argument during his appointment at his home. he then allegedly strangled her and set her body on fire. >> this points out that it could happen to anybody at any time. any one of us let people into our houses without doing background checks or having somebody else present. >>gretchen: that's scary. surveillance video showed that smith's truck parked nearby and it showed him following her into her house and driving by twice after the murder. he's now facing several charges in connection with that killing. >> he claimed to be a former demolition expert in
>>brian: and no taxes, we'd have no state income taxes too. >>gretchen: okay. i'll put in my vote for florida. i'm not sure my family would be in line for that. >>brian: i'll buy the bubble wrap. let's move. >>gretchen: let's get to your headlines first. family and friends remembering the life of beloved philadelphia pediatrician melissa katunutee outside her home her body was found bound and burned, a horrible crime. police say an exterminator confessed to killing her....
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the president did something very clear when he wanted to raise tax breaks or get rid of tax breaks for the wealthy in that he forced the republicans to fight for the wealthy and the average american said we no longer understand them. if we're going to really change and do better on election day and particularly get the white house back, we better get average americans to think we're fighting for them every day not just a small group of americans. >> bobby jindal offered a few details on how to, quote, stop being the stupid party. he did also say this. >> today's conservatism is completely wrapped up in solving the hideous mess that is the federal budget. the deficits, the mammoth federal death and the shortfall on our entitlement programs. we have an obsession with government book gaming. it's a rigged game and the wrong game for us to play. no, the republican party does not need to change our principles but we might need to change just about everything else we are doing. >> listening to bobby jindal and listening to what john just had to say is this largely a messaging problem? >> no,
the president did something very clear when he wanted to raise tax breaks or get rid of tax breaks for the wealthy in that he forced the republicans to fight for the wealthy and the average american said we no longer understand them. if we're going to really change and do better on election day and particularly get the white house back, we better get average americans to think we're fighting for them every day not just a small group of americans. >> bobby jindal offered a few details on...
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phil mickleson in trouble over his tax comments. corolla is next [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. >> bill: back of the book segment tonight. rolling with corolla, one of the highlights of the media coverage of the inauguration was this. >> mr. president, mr. president! mr. president! mr. president! how is it going? is the weather good? is that fantastic? mr. vice president? mr. vice president! hey, how you doing? come on! come on! [ laughter ] yes! >> bill: joining us now from los angeles with some -- adam corolla. you know roker? do you know him? >> no. >> bill: i feel li
phil mickleson in trouble over his tax comments. corolla is next [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit....
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the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really weakening the other side and building up my stuff. >> what do you think, speaking of the republicans, here they are meeting. they are having their annual meeting in charlotte. and we've talked about this too. their weakness, you just mentioned it again. they're trying to figure out how their position going forward. >> i do think the president at least implicitly and tacitly recognized the states that he made in the first term. i think the emphasis, reappointment of richard corddry and mary jo white at the securities and exchange mission san acknowledg
the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really...
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Jan 25, 2013
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phil mickleson in trouble over his tax comments. corolla is next [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points 've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >> bill: back of the book segment tonigh
phil mickleson in trouble over his tax comments. corolla is next [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit....
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Jan 25, 2013
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the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really weakening the other side and building up my stuff. >> what do you think speaking of the republicans here they are meeting. they are having their annual meeting in charlotte. and we've talked about this too. their weakness, you just mentioned it again. they're trying to figure out how their position going forward. >> i do think the president at least implicitly and tacitly recognized the states that he made in the first term. i think the emphasis reappointment of richard corddry and mary jo white at the securities and exchange mission san acknowledgmen
the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really...
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and raising the tac taxes raced by tax nation. star wars set for release in 2015. >>> the times in south africa says 15,000 crocodiles escaped from a farm during flooding this week. yikes. only half of the crocs have been captured. one was found on a school's rugby field. locals have been told not to approach the crocodiles. should we say that twice? do not approach the crocodiles. >>> and "the washington post" says ravens' linebacker ray lewis has a hands-off policy when it comes to the lombardi trophy. cbs sports brought an authentic one to the photo op and lawyer warned his teammates to stay away from it until it's earned on super bowl sunday which is the last game of lewis's career. >> he doesn't want to jinx things. >> that's right. >>> more than 100 million people viewed it. more that 7 million bought a new tv before the game. so if you're looking for one in time for this year's super bowl, paul reynolds, electronics editor for consumer reports is here with a clear picture of the best new models. welcome, paul. >> thank you.
and raising the tac taxes raced by tax nation. star wars set for release in 2015. >>> the times in south africa says 15,000 crocodiles escaped from a farm during flooding this week. yikes. only half of the crocs have been captured. one was found on a school's rugby field. locals have been told not to approach the crocodiles. should we say that twice? do not approach the crocodiles. >>> and "the washington post" says ravens' linebacker ray lewis has a hands-off policy...
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tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public does not want to see materially reduced. you may want to, but the polls say the public does not want to see them materially reduced. >> by the way -- >> where is all this money going to come from? >> it's not about what i don't want or want. this is basic arithmetic. the deficit, the debt that is incurred by medicare and medicaid in the out years, it just can't be made up, even in a small part by increasing taxes on the margins anymore. i mean, you could take the tax rate up to 95%, perhaps. >> well, you don't have to go that high. the math h
tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public...
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we shouldn't be talking about protecting the wealthy from raising taxes. we should be talking about a tax code that promotes economic growth, and that lifts all boats. tax code that is fair for everyone and promotes economic growth, it's going to create more jobs, it's going to create better jobs t will allow people to move into the middle class so the bottom line it's about taxes, it's about an overbearing government but it's really about how we communicate it. are we really protecting a certain segment of taxpayers or are we looking to have a tax code that promotes economic growth. it's a great history in our party of people like a jack kemp who knew how to speak to folks in a way that was really understandable and reached every man and i think that's what we have to get back to, that rhetoric, that kind of conversation that really reaches people where they live, that it's about jobs, it's about opportunity, it's about the rising of the american dream. >> senator mel martinez, former rnc chairman and former florida senator nice to see you as always. than
we shouldn't be talking about protecting the wealthy from raising taxes. we should be talking about a tax code that promotes economic growth, and that lifts all boats. tax code that is fair for everyone and promotes economic growth, it's going to create more jobs, it's going to create better jobs t will allow people to move into the middle class so the bottom line it's about taxes, it's about an overbearing government but it's really about how we communicate it. are we really protecting a...
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tax based on how far someone drives. virginia wants to end its gasoline tax and increase the sales tax instead. >>> and "the washington post" has details of a new strain of norovirus. it appeared in australia last march and is spreading in britain. here in the u.s. it's caused half of the 266 norovirus outbreaks since september. it's responsible for about >>> all right. starting out with a lot of clouds around the bay area, fog thick around san jose. reports of some scattered light showers outside today. visibilities down to a quarter mile in concord and napa so watch out for fog. hit and miss scattered showers. highs in the 50s and 60s. cold air on the weekend and maybe a few cold showers. warming up next week. weather report sponsored by new pantene. healthy makes it happen. deaths each year. >>> the search engine that is searching you. googles is handing over more information about its users to law enforcement than ever before. what they're looking for and if you need to worry. >>> plus sat lake city is known for snow
tax based on how far someone drives. virginia wants to end its gasoline tax and increase the sales tax instead. >>> and "the washington post" has details of a new strain of norovirus. it appeared in australia last march and is spreading in britain. here in the u.s. it's caused half of the 266 norovirus outbreaks since september. it's responsible for about >>> all right. starting out with a lot of clouds around the bay area, fog thick around san jose. reports of some...
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he was targeted by the tea party because he was considering raising taxes. >>> they must provide sports for disable students much like title iv expanded opportunities for girl students, students with disabilities must be provided access to extracurricular sports. back to tracy and ashley. tracy: rick folbaum, thanks very much. honeywell beat the street with its latest quarterlyly report. sandra smith has the trade. >> halliburton getting a boost in today's session. when you think halliburton you think fracking. but they saw weakness in north america. that led to a drop of about 26% for their quarterly profit because they beat expectations. the stock is really off to the races today. by the way look at the shares just under 40 bucks. the average analyst has a overweight rating with a $43 billion price target. many see as a good buy at these levels even following that report. as far as manufacturing is concerned look at honeywell. look at this steady eddie chart. year-to-date the stock has been strong, nearly $70 a share. right now the average price target is 72 with an overweight rating.
he was targeted by the tea party because he was considering raising taxes. >>> they must provide sports for disable students much like title iv expanded opportunities for girl students, students with disabilities must be provided access to extracurricular sports. back to tracy and ashley. tracy: rick folbaum, thanks very much. honeywell beat the street with its latest quarterlyly report. sandra smith has the trade. >> halliburton getting a boost in today's session. when you think...
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if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what would be most likely would be a much more aggressive share repurchase. they won't do a one-time dividend like they did years ago. >> your sneaky long is up 1.5%, rick. thanks for stopping by. >> thank you. >> rick sherlund. >>> what do family ties and initial public offering have in common? we'll find out when the ceo of bright horizons joins us next. say farewell to secretary geithner. we'll talk about his legacy and the challenges for his successor, jack lew. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new p
if they wanted to bring it back, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what...